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Intuition and Rationality (Thinking (System 2 (Complex Computations…
Intuition and Rationality
Thinking
Operating in Environment
We makes decisions based on environment
Effort
Time
System 1
Fast, automatic, and effortless
Not as reliable as system 2
System 2
Long, slow, effortful
Complex Computations
Recall, pupil dialate
Self Control
Taking control of impulses
Cue it by comparing and see in bigger picture
Anchoring
Number in head that we reference for guessing
People with high anchors guess higher numbers than those with low anchors
We gotta start somewhere right?
Availability Bias
Remembering examples, mistaken ease of processing for high probability
